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> You invent other ways of getting payed for being rich. so what's this other way that's been implied, but never actually explicitly explained? Lots of invest
by chii 4y ago
> You invent other ways of getting payed for being rich.
so what's this other way that's been implied, but never actually explicitly explained?
Lots of investors accept low returns now - that's _why_ prices are expensive. Unless you're talking about the corruption in countries like russia, where resources and power are usurped, rather than created.
- ElevenLathe 4y agoPresumably grandparent means QE, ZIRP and the whole range of other easy money policies that inflate the money supply but give investment banks, and the financial industry generally, first crack at the new money. This is definitely a way in which "just being rich" gets you access to policy-defined ways of making money basically risklessly.